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Search Results 0 to 49 of about 71 (some duplicates have been removed)
house correspondent, and from cnn money. go big or go home. what is the republican push back? >> reporter: we're going to be finding out very shortly because house speaker john boehner will take to the cameras at 1:30 eastern essentially in the rebuttal to the news conference from the president earlier today. but the push back for republicans has been tax increases. you have republicans who have insisted on no tax increases, and democrats that insisted if there will be spending cuts, to achieve trillions of dollars in deficit savings. they don't want to abandon -- if there are going to be cuts to programs that are huge, they want to be able to say we pushed for sacrifices from wealthy americans and corporations. they are trying to strike kind of a just right agreement. because on one hand, you have a lot of republicans, and many of them who were swept into power in the last election saying we're going to cut spending and make government smaller, so the idea of tax increases, and certainly this is something a lot of them literally pledged they will not do, randi, it would forc
's take a look at the big drop on wall street today. the dow closing down 198 points. about 1.5%. the nasdaq slipped 2.6%. the s&p 2%. another drop on wall street. mounting debt crisis could end up lowering the country's signature credit rating for the first time in decades. ahead, we'll lay out the severe consequences of such a move and why some say politicians here in washington are right now playing with fire. and not everyone thinks the country is approaching armageddon. why some lawmakers in congress are taking a hard line on raising the debt ceiling. stay with us. a vacation on a budget with expedia. make it work. booking a flight by itself is an uh-oh. see if we can "stitch" together a better deal. that's a hint, antoine. ooh! see what anandra did? booking your flight and hotel at the same time gets you prices hotels and airlines won't let expedia show separately. book it. major wow factor! where you book matters. expedia. ♪ you are my sunshine ♪ my only sunshine ♪ you makes me happy ♪ when skies are grey ♪ you'll never know, dear ♪ how much i love you ♪ p
's right. you know, the big point of contention yesterday was with house majority leader eric cantor pushing for this short-term deal or a series of short-term deals. the president, according to democratic sources familiar with the talks, made it clear that that is something he does not support and something he would veto. the president has, for the last few days, and certainly weeks as well, been pushing for the biggest deal possible where it it seemed to get some support. of late, it has not. the president believing if you start talking about the short-term deals, you run into the political season where you negotiate the things all over again. if you can't get this done now, how will you get this done in the thick of the political season? tense discussions yesterday. the president agitated and believing that republicans are using the debt talks to make political points. the president making the point, according to those inside the meeting, that this kind of atmosphere just confirms some of the worst fears that americans have about the way washington works. >> well, yeah. the way wa
jobs for christie's auction house, sure they are. for big, strong. >> i want to see numbers. you said millionaires and billionaires what he means are people making over $250,000. >> we already got the tax increases in obamacare. he has already passed taxes. now he wants taxes. >> name one tax increase? >> obamacare, conveniently not until 2014. >> not true. >> i give you credit. boehner is in a difficult spot because of the members of his con france that says he won't vote for anything, any kind of deal because we won't vote to raise the debt ceiling. he has to work with them. >> not all of you do not think it's a little difficult for boehner when people say nothing, absolutely nothing? grover norquist from k-street, he ought to be sent to gitmo as a terrorist for being a national. >> now you finally like gitmo. >> i like it for grover. that's for sure. >> can i make one other point? keep in mind the debt ceiling increase is not for the new spending but to pay for money appropriated by democrats and republicans alike. >> wait, wait, wait. what are you talking about? >> time-out. what
.5 trillion does not make any of the big issues go away. sooner or later republicans are going to have to swallow some revenue increases. host: what is the purpose of today's news conference from the president? caller: the purpose for the president is to set a delicate balance. on the one hand he wants to claim the political high ground, i assume, saying that he tried and pushed for historic bipartisan achievement. unfortunately, we will like it there. the reason is that republicans will not sign on to a bold, $1 trillion tax overhaul. so, he wants to show the voters that he is the big negotiator. everything that he said the revlon in 2008. but he does not want to poison the well to make these negotiations for the rest of the week. >> what is the main message coming from republicans going into this meeting? >> it would seem that their main message is probably going to stay the same period that we are for a big deal, but not a big tax increase. or any tax increase. once again they will be challenged to expand on this sharp rhetorical edge. id is a distinction without much of a differenc
of pirates is having a big impact on the world economy. we will explain. but first, early look at president obama's re-election effort. [ male announcer ] this...is the network -- a network of possibilities. in here, the planned combination of at&t and t-mobile would deliver our next generation mobile broadband experience to 55 million more amecans, many in small towns and rural communities, giving them a new choice. we'll deliver better service, with thousands of new cell sites... f greater access to all the things you want, whenever you want them. it's the at&t network... and what's possible in here is almost impossible to say. this just in. friday, the pentagon will appeal the controversial "don't ask, don't tell" policy that has kept gays from openly serving in the military. according to the law, a 60-day waiting period goes in effect for the policy is officially implemented. other words, in two months. >>> the federal election committee says john edwards should repay $2.3 million to the federal government after audit found he received matching funds after dropping out of race. edwards'
it is that momentous. the flurry of talk last week about going big and swinging for the fences were underscoring the idea of the president and the speaker to persuade the democratic and republican rank- and-file to go for something as big as $4 trillion. it was a long shot to begin with. both sides decided to spend a few days pursuing this long shot and it turns out that speaker behner blinked first. he was the first one to realize publicly that he did not have the votes in his own troops to get this through because it would require too much. host: if the number goes down from $4 trillion, what gets left behind? guest: you go from $4 trillion down to something. the fall back number we think is $2.50 trillion. that is the amount of deficit reduction that would be necessary to get republicans to vote for an equivalent amount of debt ceiling increase. that is what is required to keep the treasury in the flush to get for the next election. that is the number and we know that the vice president had six members of congress and they were pretty close. they were at about $2 trillion. entirely from the s
of either of our two parties right now. and i think that is the big challenge right now. how do we basically develop a political platform and a mandate to do those four things. >> i would add a couple things. to what tom said which i basically agree with. but first there is a cultural element here. it's not just a problem in washington, it's a pblem in the culture. a nation where people have distrust of authority, don't trust government, unwilling to accept sacrice, feel very threatened, want pore government than they are willing to pay for, and so there has to be a gigantic education campaign to go under that. and then the second thing i would add, and tom talked about a hybrid politics, i uld say we'vead it. and we just have to rediscover it. and i go back perpeally to my hero alex aner hamilton who created this hrid politics it was not -- he got us out of the big government versus small government debat he stood for lited b energetic government to enhance social mobility. so people in the hamiltonian practise decision which include the wig party and the lincoln an republican party at the
and what doesn't get paid. another big story right now, a massive and dangerous heat wave is gripping much of the nation. here's how it looks and feels across the country. take a look at the red quarter. temperatures expected to reach 104 degrees in parts of texas today, in the southeast, temperatures are expected to reach the upper 90s and more than just uncomfortable, it's dangerous. heat has already claimed the life of at least one person in illinois and adding to that, the heat is causing drought conditions in the deep south to intensify. also this morning, hundreds of thousands still without power in the chicago area after strong thunderstorms rolled through. officials warn the power there might not be back on until saturday. let's go live to rob marciano outdoors this morning, silly rob, in atlanta's piedmont park. sun still not up, so it's still probably manageable there. but a lot of the south waking up this morning to 80 degrees overnight or higher. >> yeah. that's the thing. really hasn't cooled down much overnight, ali. even if you're out before the sun comes up you're still fee
that she could catch fire. look, when you start this thing, when you win iowa, if you win iowa big, that thing starts rolling through new hampshire and south carolina, it's over in weeks. i agree 100%. >> how was she going in philadelphia suburbs? how is she going to do in the i-4 corridor and in wisconsin? how is she going to do in new mexico, arizona? i would suggest, with swing voters not well at all. >> there's no doubt if you nominate michele bachmann, it's an enormous risk. the only conditions, i think, under which i believe she could win the presidency, if people say, if they did in 1980, i don't care, i'm taking a chance with this guy because what we got we can't stand, you get 9% or 10% unemployment, two more years, this country is ready for a lot of change. more "morning joe" in a moment. with the hotels.com 48-hour sale, the possibilities are endless. interesting... save up to 50% this tuesday and wednesday only. hotels.com. be smart. book smart.  finally, there's a choice for my patients with an irregular heartbeat called atrial fibrillation, or afib, that's not cause
. the president must formally send up the nomination. fear of pirates is having a big impact on the world economy. we will explain. but first, early look at president obama's re-election effort. @@ this just in. friday, the pentagon will appeal the controversial "don't ask, don't tell" policy that has kept gays from openly serving in the military. according to the law, a 60-day waiting period goes in effect for the policy is officially implemented. other words, in two months. >>> the federal election committee says john edwards should repay $2.3 million to the federal government after audit found he received matching funds after dropping out of race. edwards' attorney says she doesn't owe anything. in june, he was indicted on eight separate felony charges for alleged violation of campaign finance laws related to the coverup of an affair. most projections say president obama will spend $1 billion on the re-election campaign but getting to the number won't come easy. white house correspondent mike emanuel reports on the political and fundraising tight rope the president has to walk. >> reporter: in
big snag. >> this is amazing, the owners say we've ratified a deal. let's play ball and open up the gates on saturday. the players say wait a second, we haven't read the whole thing. how dare you end the longest standout and lockout in this league without our permission? listen. >> we can all work quickly expeditiously and get this agreement done. it's time to get back to football. that's what everybody here wants to do. >> i've never seen anything like that. the players wanted more time to study the last minute changes. they have a lot more players than owners. now they feel a little stand-offish, the delay means camps won't open tomorrow, perhaps and the hall of fame game that is the official launch for the preseason which is the nfl season is canceled. and every week of preseason that is canceled, average loss of $200 million for players and owners. >> big deal. >> can't we all just get along? >> how can you end a fight without the other person's permission? how can you end a stand-off without the other person agreeing? you can't do that! >> speaking of a fight and stand-
backed bill included big spending cuts, a cap on spending and a constitutional amendment. >> it's a correct approach. this is fundamentally a spending problem. >> it passed in the house earlier this house. >> this vote the yeas are the 34. >> today majority leader harry reid grudgingly scheduled a senate vote. it failed just as he predicted. >> this is a very, very bad piece of legislation. >> today's vote could clear the way for one of several compromise deals. >> we all know mr. president there are talks going on between president obama and speaker boehner. >> this was a bit of hope yesterday when "the new york times" reported a possible deal between president obama and house speaker boehner. both sides quickly denied it. >> there is no deal. we are not close to a deal. >> there is no deal. no deal publicly, no deal privately. there is absolutely no deal. >> but he didn't say they're not talking about it. >> we've got to keep the lines of communication open. we talked about fall back options if in fact cut, cap and balance does go down. i do think that it's our obligation to h
. if you are going to rule out medicare now and say yeah, we are going to make big cuts but rule out medicare. that means democrats are focusing on 10%, discretionary spending that is our investments, r & d, education, infrastructure. the things we need to double and triple down on. the things we can afford to do in trying to catch up with china if we take care of the long-term structural debt on taxes, on health care and these other issues. >> yeah, we talked about the fact our health care system is at least 50% more expensive procedure by procedure than any other place in the world. we have this grip on a lot of the health care sector. we need health care reform. this is obvious. but it's been obvious for years. they don't do it on either side. >> coming up, connecticut governor dannel mall low. >> he's going to yell at you. >> i think he's in for a fight, yeah. yeah. >> mika is mad. she's not putting up with it anymore. >> this is incredible. sexual assault allegations against strauss-kahn. why it's on the verge of collapse. >> he was in yonkers at the time. come on. >>> first, he
to a default or to a downgrade. suzanne? >> that's a big deal. alison, it's been really hot. really, really hot this summer. what if your favorite drink disappeared from the stores. here's what is happening in minnesota. their budget crisis might actually turn into a beer emergency for some folks. a beer emergency. because the state has shut down and nobody is there to renew the permits and blue moon, you name them, so, you know, that's what they are dealing with there. you might have to switch to buzz wiser. i don't know what you drink. what do you drink? >> i'll go right to the hard stuff. to tequila. >> oh, geez, that's not supposed to be the solution here. go to the hard stuff. we'll see what happens. we will see what happens. but that's just one of the many things that we're looking at when we talk about this economic crisis that is turning into a beer emergency. alison, don't do that hard stuff. >> all right. okay. >>> here's a reminder to vote for the story you'd like to see. you can cast your vote by texting 22360. text 1 for crack down on china, homemade guns flooding on to the streets
into a full-time job and eventually led to her relationship with murdoch. >>> now to potentially big, big news in washington. debt talks, big news and a very significant step forward today, says president obama, just a short time ago. the president announced the so-called senate gang of six made of members from both parties has floated this new proposal that he, the president, can work with. the bipartisan group had thrown in the towel, ditched an earlier effort to find a debt reduction package okay to both parties and now at this late date 14 days until a potential government default. they're back with a plan that the president says includes deep spending cuts and, yes, also includes tax increases. here's the president. >> here's where we stand. we have a democratic president, an administration that is prepared to sign a tough package that includes both spending cuts, modifications to social security, medicaid, and medicare that would strengthen those systems and allow them to move forward and would include a revenue component. we now have a bipartisan group of senators who agree with that ba
is not succeeding right now because our military is too big. by the way, people call it this military, hands off. it's not military. it's defense contractors, welfare for people who make weapons that we don't need. most of our weaponry is ridiculous. it's for fighting the russians in 1978. we don't need that. what would make this country stronger is economics. that's where the future is. that's what makes a country strong. if you're not strong economically, you're not going to be- >> that's where america is increasingly weak by comparison. >> this is one reason. we could solve this debt deficit problem if we do two simple things. tax the rich like they were taxed, not a hell of a lot more, just like under clinton. and bring the troops home. not just from iraq and afghanistan but we have a half a million troops on bases. >> how many do chinese have? >> none, i don't think. >> may have hardly anything, they have no imperialistic ambition. >> this is not the way you achieve it in this world. not the 14th century. >> i was in shanghai. this dinism you felt. this young millionaire, 125,000 millionaires i
, some real big news, actually, because speaker boehner, it seems, may have a plan that will come to fruition, before 4 p.m. this afternoon so that the asian markets aren't rattled and it will involve sort of a two pronged approach. >> yeah, but the most important part of the two step process clayton mentioned there's going to be a short-term extension involved and the democrats have objected to that, as you know, from the very beginning, the president, nancy pelosi, harry reid all three last night reiterating they will not support a short-term extension. so it appears we are playing with some serious fire on this sunday. >> what does john boehner do, comes up and hands over the paper work, they immediately say no. listen to this, thises what mitch mcconnell has to say about this. there is bipartisan agreement on the need to prevent fault and given the unprecedented size of the debt ceiling increase, the president is requesting, this is not an easy process. and the effort to prevent default while substantially reducing washington spending will continue. >> of course, all of the co
to be an american? not a big change when president obama came to office. what does that say to you? guest: remarkable continuity about something that is very important in defining this as a people. it does not seem to matter whether we have a democratic or republican president. we are patriotic nonetheless. host: james, pittsburg, republican line. caller: my comment is that you have to poll the younger crowd and they are the strongest and the fastest and most easily -- and it is easier for them to take in all the information they have take in. they are more alterable to become a soldier and not many of them are politically savvy. once they get into the war, they are generally -- most of the men i know that have come back especially from this war and from vietnam, they speak to the fact that they were fighting for its other. host: we will leave it there. guest: that is true. men who have had that experience in war talk about it that way. they also love their country. one of the things we see, it's a hard thing to take polls of soldiers because it's tough to do. but when you do, they are ve
a big misunderstanding. the 18-year-old placed what was feared to be a bomb near the beam structure in chicago's millennium park. it wasn't a bomb. it was two bricks duct taped together with wires hanging out of it, a prop from a sci-fi costume he wore to a convention. he was charged with disorderly conduct. a scare for defense secretary leon panetta. three rockets slammed into baghdad's green zone on day two of his visit there. the secretary is fine and no one else was hurt. panetta flew to baghdad from afghan t afghanistan and he's meeting with leaders there and meeting with u.s. troops. early wake-up call on the shuttle atlantis. >> ♪ i get knocked down i get back up again i get knocked down i get back up again ♪ >> seems like i just heard it on the radio yesterday. waking up to the song and today they will be supplying a supply module on the outside of the international space station using a robotic arm and they'll prepare for a space walk tomorrow. meantime, nasa keeping a close eye on some space degree that could come dangerously close to the space station. the duke and d
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quayle, so many others, the former hewlett-packard ceo. it gets better, it gets big. >> this is the fox nooks alert, a final house vote on speaker boehner's plan is set to happen shortly. keep it here. we'll bring you the live vote as it happens. hello, everybody. this is 5:00 on the east coast. this is "the five. we've got a lot to cover tonight. first an outrageous comparison in the "new york times" between the tea party and hezbollah. we have thomas friedman's shameless comments ahead. plus a 2012 round-up, and why michele bachmann is hoping rick perry doesn't throw his hat in the ring. and this, julia roberts banned in the uk. we'll they you why. those stories and much more. "the five" starts right now. we're waiting on the host to hold a final vote on the boehner plan. quickly the highlights of the plan. the plan will cut and cap discretionary spend buying $917 over the next ten years, and louvre the debt ceiling to rise by $900 billion immediately. but this one, very importantly, no new revenue, no tax increase. after the bill passes, which i think it probably will, the democrats
. [ jack ] yeah, ts is pretty good. don't you have a big race today? don't worry, kevin, i've got it all covered. (cheering crowd) track announcer: and jamie mcmurray wins the brickyard 400. how'd we do? announcer: check out huge clearance savings at bass pro shops and our upcoming fall hunting classic. he was all like "oh no, i cannot do investing." next thing you know he's got a stunning portfolio. shhhh, you're welcome. [ male announcer ] e-trade. investing unleashed. >> all right. glad you're up. the debt ceiling deadline quickly approaching. we're less than one week away from possible default. so how will washington come together on a solution before tuesday's deadline? will they at all? former advisor to president bill clinton and author of "revolt" dick morris now joins us. dick, i know you have a lot to say about this and how this is all playing out. first off, as for the president, is this drama working for him? >> no. no, it's working against him. ultimately, whenever washington is a mess, it's the president that gets blamed for it. now, of course, republicans in congress get
's been called a heat dome. we'll tell you where that is, it sits over a big portion of the country. stay cool. >> i'm hot and sweaty. >> it's like sitting in a sauna all day long. >> hot and tired. it makes you, you know, lose your energy quick. [ male annocer ] things seem better with travelocity's best price guarantee. our girl's an architect. our boy's a genius. we are awesome parents! biddly-boop. [ male announcer ] if you find a lower rate on a room you've booked, we won't just match it. we'll give you $50 towards your next trip. [ gnome ] it's go time. patti ann: minnesota's state government is back in business. democratic governor mark dayton signing a budget deal ending the neigh's longest state government shutdown in a decade. >> it destroyed minnesota's reservist standing for a state of responsible government and a balanced government and one that's not going to be hijacked by the tea party intransigence. patti ann: republicans have stood their ground on not raising taxes, but minnesota's budget deal relies on borrowing, so leaders on both sides of the isle concede -- aisle con
Search Results 0 to 49 of about 71 (some duplicates have been removed)